Siemens FY2026 Results Impact Industrial Automation Market

Siemens Reports Record Fiscal 2026 as Digital Business Revenue Rises 16% to EUR 10.9 Billion

MUNICH, Germany — November 12, 2026 — Siemens AG reported record orders, profit and free cash flow for fiscal 2026, with revenue from its digital business rising 16 percent to EUR 10.9 billion. The results are relevant to the Industrial Automation Market, as revenue at the Digital Industries software business grew 13 percent on a comparable basis to EUR 7.2 billion.

Siemens closed the fiscal year, which ended September 30, 2026, with comparable revenue up 8 percent at EUR 83.4 billion. Comparable orders rose 25 percent to a record EUR 108.2 billion, a book-to-bill ratio of 1.30. The order backlog reached a record EUR 143 billion, against EUR 117 billion a year earlier. The company attributed the results to demand for electrification, digitalization and Industrial AI, and to its position in fast-growing markets such as data centers.

Comparable annual recurring revenue at the Digital Industries software business increased 12 percent to EUR 6.1 billion. Profit Industrial Business grew 13 percent to a record EUR 13.3 billion, with a margin of 16.3 percent against 15.4 percent in fiscal 2025. Group-level free cash flow reached a record EUR 12.1 billion. Siemens also raised its mid-term target for comparable revenue growth to 7–11 percent, from 6–9 percent.

According to Next Move Strategy Consulting, the Industrial Automation Market was valued at USD 191.28 billion in 2023. It is projected to reach USD 363.31 billion by 2030, at a CAGR of 9.60 percent from 2024 to 2030.

Key Highlights:

• Digital business revenue rose 16 percent to EUR 10.9 billion. Digital Industries software revenue grew 13 percent on a comparable basis to EUR 7.2 billion.

• Comparable orders increased 25 percent to a record EUR 108.2 billion, and the order backlog reached EUR 143 billion.

• Profit Industrial Business reached EUR 13.3 billion at a 16.3 percent margin, and Group free cash flow totaled EUR 12.1 billion.

• Mid-term comparable revenue growth expectations were raised to 7–11 percent, with double-digit EPS pre PPA growth now projected.

Analyst Insight:

According to analysts at Next Move Strategy Consulting, the Industrial Automation Market is segmented into hardware, software and services. Its software categories include digital twins and industrial IoT platforms. NMSC analysts note that Siemens’ disclosed software revenue and recurring revenue figures provide a data point for that component.

NMSC analysts also note that integrating artificial intelligence and machine learning into industrial robots is expected to open significant growth opportunities. They expect Asia-Pacific to remain the dominant region through the forecast period.

Industry Outlook:

For fiscal 2027, Siemens expects Group comparable revenue growth of 9–11 percent and a book-to-bill ratio above 1. Digital Industries expects comparable revenue growth of 8–12 percent and a profit margin of 20–22 percent. These forecasts exclude Siemens Healthineers.

NMSC identifies the substantial upfront investment required for automation systems as a constraint, particularly for small and medium-sized enterprises. Market participants are expected to track software and recurring revenue disclosures from leading automation vendors as fiscal 2027 begins.

Source: Siemens AG: Outstanding Fiscal 2026 Performance – Industrial AI to Drive Future Growth (InsidEntity)

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Prepared By: Sanyukta Deb